Kleinwort Hambros, a private bank and asset manager that is part of the Societe Generale group, has launched a blockchain-oriented exchange traded note (ETN) with active management.
London-based bank announced that ETN, listed in Luxembourg, will be used to invest in companies that can profit from the development and distribution of blockchain technology.
Initially, ETN will include 20 shares, distributed across technology, logistics, oil and gas, custodial and industrial sectors.
We have seen increasing interest from clients in the area of blockchain and we are very excited to be able to cater to this demand with the launch of our first blockchain note. We have built an innovative product which will provide our clients with the diversified exposure to the promising growth prospects blockchain technology offers, while maintaining the rigorous active management our clients expect.
Portfolio Manager, Kleinwort Hambros
The product is available only to current and future customers of the bank, and the minimum investment amount in it is £ 1 000.